Retirement plan

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

Name: SOUTHWEST MISSISSIPPI OPPORTUNITY, INC. - 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC. (2019) Form 5500
Creator: SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, 403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC., SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.EIN 64-0433629Plan #001PY 2019

PO BOX 1667 - MCCOMB, MS 396491667601-684-5593swmocaa.orgLinkedIn1-10 employees

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$275K

+14.0% from 2018

Total participants

0.0% from 2018

Average account balance

$34,325

+14.0% from 2018

Annual return

9.34%

+12.38 pp from 2018

Benchmarks

See 35,133 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants<25

Cohort35,133 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$145K

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$21K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$22K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+3.31%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$370

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$11K

$1366 / participant

Other / not subdivided$11K100.0%

% of EOY assets

3.979%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,325

$103,000-66.7%

$90,300-62.0%

$152,885-77.5%

Participation rate

100.0%

75.9%+24.1pp

73.3%+26.7pp

82.5%+17.5pp

Annual return

9.34%

95.19%-85.9pp

78.11%-68.8pp

345.39%-336.1pp

Employer contribution / active EE

$1,146

$3,138-63.5%

$2,854-59.8%

$4,763-75.9%

Participant deferral / active EE

$1,622

$4,281-62.1%

$3,884-58.2%

$5,851-72.3%

Admin fee / account holder

$1,366

$6,173-77.9%

$5,353-74.5%

$11,598-88.2%

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

403(B) THRIFT PLAN OF SOUTHWEST MISSISSIPPI OPPORTUNITY, INC.

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion